Emerging Markets Surge
U.S. equity gains slowed but ended higher for a third straight week as Wall Street welcomed encouragement on the inflation front that could prompt further Fed easing. Gains in Asian and European regions also boost U.S. and global support after China’s state party leaders pledged an outsized package of additional stimulus measures. Notably, Hong Kong’s Hang Seng Index had its best week in 26 years, ending up 13% on stimulus news from China.
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